Published By : 27 Dec 2016 | Published By : QYRESEARCH
With an alarming rise in the prevalence of deadly insect borne diseases such as dengue and Zika across the globe, the focus on ways to increase awareness regarding these diseases and the need to adopt preventive measures has significantly increased in the past few years. Owing to this, the demand and the overall consumption of products such as body worn insect repellents has witnessed huge surge on a global front. Body worn insect repellents find vast usage across industries such as mining, agriculture, and oil and gas as workers in these industries are more exposed to insects are thus highly susceptible to diseases caused due to insect bites.
Market to Register Healthy Growth in Next Few Years
According to a recent Transparency Market Research report, the global market for body worm insect repellents is expected to expand at a promising 7.4% CAGR over the period between 2015 and 2021. The market, which had a valuation of US$230 mn in 2014, is expected to rise to US$378.3 mn by 2021.
Insect Repellant Oils and Creams to Continue to Reap Maximum Revenues
The various varieties of body worn insect repellents marketed in the global market presently include stickers and patches, apparel, and oils and creams. Of these, the segment of oils and creams is presently the leading segment, accounting for a massive 67% in the global market in 2014 and expected to continue to lead by 2021.
Consistent Cases of Malaria and Dengue to Keep Africa and Asia Pacific Markets Promising
The key insect borne diseases affecting the global population include malaria, dengue, and yellow fever. Of these, malaria and dengue are highly prevalent in regions such as Africa and Asia Pacific. Caused due to mosquitoes, these deadly diseases, which are amongst the key death factors for children in Asia Pacific and Africa, are expected to gain increased attention from government and private bodies in the next few years. Increased focus and funds diverted towards ways of mitigating cases of dengue and malaria are expected to substantially drive the market for body worn insect repellent in these regions.